The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved setting up of Rs.1000 crore Venture Capital Fund dedicated to space sector, under aegis of IN-SPACe. Financial implications: The deployment period of the proposed Rs.1,000 crore VC fund is planned to be up to five years from the actual date of start of the fund operations. The ...
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Ministry of Coal to Host Star Rating Awards Ceremony, Stakeholder Consultation on MDOs, and Release of Coal Directory on October 21, 2024
Ministry of Coal is organizing the Star Rating Awards Ceremony, Stakeholder Consultation on Mining Developers cum Operators (MDOs), and the Release of the Coal Directory of India on October 21, 2024 at Scope Convention Centre, Scope Complex, Lodhi road, New Delhi. These events aim to recognize the exceptional performance of coal and lignite mines, foster engagement with key stakeholders, and ...
Read More »The cumulative value of merchandise exports during April-September 2024 was USD 213.22 Billion, as compared to USD 211.08 Billion during April-September 2023, registering a positive growth of 1.02%.
India’s total exports (Merchandise and Services combined) for September 2024* is estimated at USD 65.19 Billion, registering a positive growth of 3.76 percent vis-à-vis September 2023.Total imports (Merchandise and Services combined) for September 2024* is estimated at USD 71.68 Billion, registering a positive growth of 3.79 percent vis-à-vis September 2023. Table 1: Trade during September 2024* September 2024 ...
Read More »Court awards Rs. 10 lakhs as damages to Jan Aushadhi in trademark battle
In a landmark victory in a court battle, the New Delhi District court has issued a permanent injunction against a resemblance in name of the organization operating in the name of “Jan Aushadhi Sangh” at Bhopal, Madhya Pradesh. This firm was deliberately and intentionally using a deceptively similar name of “Jan Aushadhi” a registered trademark of Pradhan Mantri Bhartiya Janaushadhi ...
Read More »44 Bids Received under 10th Round of Commercial Coal Mine Auctions
The Ministry of Coal has received an overwhelming response for the coal mines offered under the 10th round of commercial coal mine auctions, with a total of 44 bids submitted in physical form. The substantial number of bids underscores the continued interest and participation from stakeholders in India’s evolving coal sector. The 10th round of auctions, launched by the Ministry ...
Read More »Cabinet approves 12 Industrial nodes/cities under National Industrial Corridor Development Programme
India will soon wear a grand necklace of Industrial Smart Cities as in a landmark decision today, the Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP) with an estimated investment of Rs. 28,602 crore. This move is set to transform the ...
Read More »Department of Economic Affairs amends Securities Contracts Regulation Rules (SCRR), 1956, facilitating direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC
The Department of Economic Affairs, Ministry of Finance, has amended the Securities Contracts Regulation Rules (SCRR), 1956 to ease the listing requirements for Indian companies seeking to list on international exchanges within International Financial Service Centres (IFSCs) at par with global standards. ‘Direct Listing of Equity Shares of Companies Incorporated in India on International Exchanges Scheme’ under the Foreign Exchange ...
Read More »Government Accelerates Development of Coal Evacuation Infrastructure to Achieve Viksit Bharat 2047
In its relentless pursuit to transform India’s coal sector, the union government is spearheading a comprehensive strategy aimed at fast-tracking infrastructure development and fostering collaboration among key stakeholders. This initiative is a cornerstone in the Ministry’s vision to position India as a global leader in sustainable coal production and logistics, aligning with the broader goal of a prosperous and developed ...
Read More »Index Numbers of Wholesale Price in India for the Month of July, 2024 (Base Year: 2011-12)
The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 2.04% (Provisional) for the month of July, 2024 (over July, 2023). Positive rate of inflation in July, 2024 is primarily due to increase in prices of food articles, manufacture of food products, mineral oils, crude petroleum & natural gas, other manufacturing etc. The index numbers ...
Read More »India’s total exports estimated to grow at 2.81% in July 2024.The cumulative overall exports during April-July 2024 estimated to grow at 6.65%.
India’s total exports (Merchandise and Services combined) for July 2024* is estimated at USD 62.42 Billion, registering a positive growth of 2.81 percent vis-à-vis July 2023.Total imports (Merchandise and Services combined) for July 2024* is estimated at USD 72.03 Billion, registering a positive growth of 7.14 percent vis-à-vis July 2023. Table 1: Trade during July 2024* July ...
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